What is Paramount's latest offer for Warner Bros Discovery?

Paramount has enhanced its acquisition offer for Warner Bros Discovery to £80 billion.

Do analysts believe Paramount's sweetened offer will work?

Analysts are skeptical, suggesting Paramount's improved bid may not be enough to sway Warner Bros' board from its deal with Netflix.

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Paramount Sweetens Warner Bros Bid

Q: Will Paramount pay Warner Bros' breakup fee to Netflix?

Yes, Paramount has committed to covering the £2 billion termination fee Warner Bros would owe Netflix.

10 Feb

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Summary

Paramount enhanced its offer for Warner Bros.
Paramount will cover Netflix's $2 billion breakup fee.
Analysts doubt the improved offer will succeed.

Paramount has substantially increased its acquisition offer for Warner Bros Discovery, now valued at £80 billion. This move is a direct attempt to outbid Netflix for the Hollywood studio. In a significant development, Paramount has committed to covering the £2 billion termination fee Warner Bros would incur if it cancels its deal with Netflix.

Furthermore, Paramount's proposal includes a 'ticking fee' of £485 million, payable to Warner Bros shareholders for each quarter the transaction remains incomplete beyond the end of this year. This suggests Paramount's confidence in navigating potential regulatory challenges that Netflix is reportedly facing.